Sony spins off chips

sonyGiant Japanese corporation Sony is continuing its strategy of spinning off elements of its product portfolios into separate companies and now it’s the turn of its semiconductor division.

Sony Semiconductors will start operating in April next year, and two other divisons related to storage and to energy will become separate businesses too.

President Kazuo Hirai is being aggressive in slimming down and rationalising the giant. Last year it got rid of its Sony Vaio PC division.

And it’s also spun off its Walkman business,and already operates its music and movie businesses as well as its video business as separate units.

The device business accounts for around 10 percent of Sony’s overall business, and is profitable because of the success of smartphones.